Streetbeat News

Corporate Responsibility

SPY

President Biden announced that 35,000 infrastructure projects and billions of dollars in private sector manufacturing investments will be coming to communities across America due to the Investing in America Agenda.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 2:26 pm

ABVC

ABVC BioPharma has appointed Uttam Yashwant Patil as its new Chief Executive Officer, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 2:26 pm

AMZN

APO

DB

GS

HSBC

LCID

PFE

The Federal Reserve is set to release stress test results for 23 banks, with expectations of sufficient capital levels. Deutsche Bank faces challenges with clients' missing Russian shares. Amazon plans to invest $26 billion in India by 2030. Lucid Group partners with Aston Martin for EV technology. Virgin Galactic announces its first commercial spaceflight crew. Pfizer discontinues one weight loss candidate while continuing another. XPeng plans to unveil its G6 Ultra Smart Coupe SUV. HSBC will exit Canary Wharf and set up a new HQ. Goldman Sachs begins laying off managing directors. Apollo backs Wolfspeed with $2 billion for expansion. JD.com plans to create an autonomous division.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 1:54 pm

SPY

President Biden is set to announce $40 billion in funding to bring internet access to areas without connectivity across the US. The funding will mainly come from the Broadband Equity Access and Deployment (BEAD) Program, and the implementation process will take approximately 18 months.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:36 pm

MRCY

Mercury Systems Inc (MRCY) shares dropped 16.2% after the company announced its decision to pursue a standalone strategy, including finding a new CEO. The Board of Directors believes that executing the strategic plan under a refreshed leadership team is the best way to drive value for stakeholders.

Portfolio Pulse from Henry Khederian

June 26, 2023 | 1:27 pm

AMRS

Amyris, Inc. (NASDAQ:AMRS) announced the resignation of John Melo as President & CEO, with Han Kieftenbeld appointed as Interim CEO. The company also announced a global reduction in force to achieve cost reduction targets.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:12 pm

LIQT

LiqTech International (NASDAQ: LIQT) announces board succession changes, with Chairman Mark Vernon retiring and Alex Buehler appointed as the new Chairman. Martin Kunz has also been appointed to the Company's Board of Directors.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:05 pm

AYRWF

AYR Wellness has reached contingent agreements to defer principal or amortization payments for 2 years on an aggregate principal amount of approximately $69 million of debt obligations. This includes $60.5 million of vendor take-back promissory notes and $4.5 million of other promissory notes. The company has also deferred a $4 million amortization payment due in December 2023.

Portfolio Pulse from Vuk Zdinjak

June 26, 2023 | 12:57 pm

HKD

AMTD Digital (NYSE:HKD) has received confirmation from key shareholders, including AMTD Group, Dr. Calvin Choi, AMTD IDEA Group, and executive officers, that they will extend their lock-up undertakings until August 2025, demonstrating support for the company's long-term growth and stability.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 12:42 pm

ABVC

ABVC BioPharma has announced the appointment of Dr. Uttam Yashwant Patil as CEO, effective June 23. Dr. Patil brings extensive experience in the pharmaceutical industry to the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 12:38 pm